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Digital Gold

<p>In a <strong><a href="https://x.com/PeterSchiff/status/1919220809240875457" rel="noopener noreferrer nofollow">tweet</a></strong> posted early Monday morning, Schiff commented on the market reaction as U.S. stock futures and the dollar both sold off. While gold rose about 1%, Schiff noted that Bitcoin declined by roughly 2%, reinforcing his long-held stance that <strong><a href="https://coindoo.com/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a></strong> cannot be considered “digital gold.”</p>
<p>“Tonight U.S. stock futures and the dollar are both selling off. But once again gold and Bitcoin are going in opposite directions,” Schiff wrote. “Gold is acting like a safe haven… Bitcoin is trading like a risk asset… Clearly Bitcoin is not digital gold.”</p>
<p><img loading="lazy" src="https://coindoo.com/wp-content/uploads/2025/05/Screenshot-2025-05-05-at-11.47.58.png" alt="" width="1172" height="426"></p>
<p>Schiff’s comments echo a familiar narrative: that Bitcoin, often compared to gold for its fixed supply and decentralized nature, fails to perform like a true hedge in turbulent macroeconomic conditions.</p>
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<p>This divergence comes at a time when investors are closely watching correlations between traditional assets, cryptocurrencies, and inflation hedges amid growing global uncertainty.</p>
<p>As market volatility persists, Schiff’s tweet adds to the ongoing debate over Bitcoin’s role in diversified portfolios—and whether its comparison to gold remains warranted.</p>
<p>The post <a href="https://coindoo.com/peter-schiff-criticizes-bitcoin-calls-it-a-risk-asset-not-digital-gold/" rel="noopener noreferrer nofollow">Peter Schiff Criticizes Bitcoin, Calls It a Risk Asset, Not Digital Gold</a> appeared first on <a href="https://coindoo.com" rel="noopener noreferrer nofollow">Coindoo</a>.</p>

Peter Schiff Criticizes Bitcoin, Calls It a Risk Asset, Not Digital Gold

Coindoo.com

Other articles published on May 5, 2025

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